Expansión, Spain’s leading financial newspaper showcases Sodali & Co’s latest Proxy Season Review, analyzing trends from general shareholders’ meetings across Ibex-listed companies. The report reveals growing scrutiny on executive pay, with opposition to remuneration policies rising to 15.3%, and minority shareholder support dropping to 56.9%.
Despite this, annual remuneration reports maintained strong backing at 89.4%, and ESG-linked objectives remain a priority, integrated into variable pay by 94% of companies. The study also notes increased participation from strategic investors and a continued preference for hybrid meeting formats.
As Borja Miranda, Managing Director for Spain and Head of Shareholder Services for Europe and Latin America, explains: “Corporate decisions face increasingly rigorous scrutiny. Companies must ensure transparency and alignment with all shareholder interests.”
Read full article here (in Spanish).
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